Multiple Choice
If the ratio of the dollar price of a U.S.toy to the dollar price of the same toy sold in China is greater than 1,U.S.toys are ________ than Chinese toys and retailers in the United States should ________.
A) cheaper; buy the toys from American suppliers
B) cheaper; buy the toys from Chinese suppliers
C) more expensive; buy the toys from American suppliers
D) more expensive; buy the toys from Chinese suppliers
Correct Answer:
Verified
Correct Answer:
Verified
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